Charlie Lee Gives Free Litecoins to Top Traders on Korbit

Charlie Lee, the founder of Litecoin, will personally send LTC to top Korbit traders during the first week of trading
17 April 2018   2075

Charlie Lee, a well-known founder of Litecoin, has made a very exciting to LTC traders announcement about Korbit exchange launching Litecoin. LTC will be formally listed for trading on April 18, and also it will still be available on Other Digital Assets, but LTC wallets will be consolidated into one on Korbit.

Charlie Lee on TwitterCharlie Lee on Twitter

Listing Schedule

  • Deposit Open: After 17:00 KST on 04/17/2018
  • Trading Open: 15:00 KST on 04/18/2018
  • Withdrawal Open: 15:00 KST on 04/19/2018

In order to encourage the users to trade LTC on Korbit, Charlie Lee, the founder of Litecoin, will personally send LTC to top traders during the first week of trading. The campaign includes only Korbit users who trade LTC/KRW from 15:00 on April 18 to 01:00 on April 24.

Litecoin ChartsLitecoin Charts

Top 6 LTC/KRW traders by total trading volume will receive LTC directly from Charlie Lee: 50 LTC is grated to the 1st place winner, 25 LTC - 2nd, 10 LTC - 3rd, 5 LTC each - 4th - 6th places. The winnings will be sent to the users on April 28.

At the moment of press, these are main market parameters of Litecoin:

  • Average Price: $138,21
  • Market Cap: $7 756 789 127
  • 24h Vol: $462 683 000

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   123

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.